Termination of Employment and Directorships Sample Clauses

Termination of Employment and Directorships. At the Effective ------------------------------------------- Time, the Executive shall cease to be a director and an executive officer of the Company and the Bank, as applicable, and any other employment and consulting relationships between the Executive and any of the Company, the Bank and each other direct or indirect subsidiary of the Company, and any membership by the Executive on the boards of directors of the Company, the Bank and each other such subsidiary, shall be terminated. Without limiting the foregoing, the Employers and the Executive agree that at the Effective Time the Employment Agreements shall be automatically terminated without the necessity of any further action on the part of either party thereto, with the result that each Employment Agreement shall be null and void and no party thereto or any heir, successor or assignee thereof shall have any continuing rights or obligations thereunder.
Sample 1
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Termination of Employment and Directorships. 1.1 Your employment with the Company will terminate on 5 October 2016 or such earlier date as the Company may direct (‘the Termination Date’) by reason of redundancy. You shall continue to work as normal, and shall comply with all your ongoing duties as an employee and this shall include working with (and complying with the reasonable directions of) the Company, IHS and IHS Markit to ensure a smooth and orderly handover and transition of your work, and to assist with aspects of the integration of the business of IHS Markit and to manage the completion of any other work or projects that you currently have responsibility for and are asked to assist with during the transitional period between the completion of the merger forming IHS Markit and the Termination Date, up to and including the Termination Date and you will continue to receive your normal salary and benefits up to the Termination Date. However, nothing affects the right of the Company to place you on garden leave at any time and for any period prior to the Termination Date (provided you continue to be paid in accordance with this Agreement and the Contract of Employment).
Sample 1
Termination of Employment and Directorships. Effective on October 12, 2009 (the “Effective Date”), Xxxxxxxxxx shall: (a) resign from his employment with the Company; and (b) resign from his position as Chairman of the Board and a director of the Company. The Company hereby represents that the terms of this Agreement have been duly approved by the Board and that its Form U5 filing will reflect Xxxxxxxxxx’x termination as voluntary.
Sample 1
Termination of Employment and Directorships. Effective on March 7, 2008 (the “Effective Date”), Xxxxx shall be deemed to have: (a) resigned from his employment with the Company; (b) resigned from his position as a Director of the Company; and (c) submitted his irrevocable resignation from his position as a Director with every CAPCO, which resignations shall be effective with respect to each individual CAPCO on the date of the latest to occur of the approval of such resignation by (i) if required, any controlling state regulatory authority, and (ii) any requisite percentage of holders of bonds issued by the relevant CAPCO, , provided, however, that Xxxxx shall continue to serve as a director of any CAPCO until the requisite approvals for his resignation shall have been obtained; and (d) resigned from being a Manager, Director or Trustee in all other entities that Xxxxx acts in this position on behalf of the Company. The Company agrees to immediately provide Xxxxx with notice of the date such required approvals are requested and of the receipt of any such required approvals no later than two (2) business days from the date of such request or receipt, as applicable. The parties mutually agree that Xxxxx’x employment with the Company is and shall be considered to be terminated without good reason pursuant to Section 11(d) of the Employment Agreement, that the 60 days’ prior written notice of resignation pursuant to such Section 11(d) shall be waived, and that Xxxxx shall be entitled to receive the salary, compensation, and other benefits that he is contractually entitled to receive pursuant to the Employment Agreement up to and through the Effective Date, including the option to purchase the split-dollar life insurance policy as contemplated by Section 5(c) of the Employment Agreement.
Sample 1
Termination of Employment and Directorships. At the Effective Time, the Executive shall cease to be a director and an executive officer of the Company and the Bank. Without limiting the foregoing, the Employers and the Executive agree that at the Effective Time the Employment Agreement shall be automatically terminated without the necessity of any further action on the part of either party thereto, with the result that the Employment Agreement shall be null and void and no party thereto or any heir, successor or assignee thereof shall have any continuing rights or obligations thereunder.
Sample 1
Termination of Employment and Directorships. At the Effective Time, the Executive shall cease to be a director and an executive officer of the Company and the Bank. Without limiting the foregoing, the Employers and the Executive agree that at the Effective Time the Employment Agreement shall be automatically terminated without the necessity of any further action on the part of either party thereto, with the result that the Employment Agreement shall be null and void and no party thereto or any heir, successor or assignee thereof shall have any continuing rights or obligations thereunder. Executive shall continue as an employee of United until the last to occur of January 1, 2004 or the Effective Time, after which date the Executive shall serve as a consultant under the terms of the agreement between the Executive and United dated April 4, 2003 (the “Consulting Agreement”). If the Executive serves as an employee of United on an interim basis prior to the commencement date of the Consulting Agreement, he shall receive a base salary at the rate of $250,000 annually and participate in such benefit plans as are made available to other continuing employee of the Bank.
Sample 1
Termination of Employment and Directorships. 1.1 Your employment with the Company will terminate on 13 September 2016 or such earlier date as the Company may direct (‘the Termination Date’) by reason of redundancy. You shall continue to work as normal, and shall comply with all your ongoing duties as an employee and this shall include working with (and complying with the directions of) the Company, IHS and IHS Markit to ensure a smooth and orderly handover and transition of your work, including in respect of DTCC, and your directorships, and to assist with aspects of the integration of the business of IHS Markit and to manage the completion of any other work or projects that you are asked to assist with during the transitional period between the completion of the merger forming IHS Markit and the Termination Date (the ‘Retention Period’), up to and including the Termination Date and you will continue to receive your normal salary and benefits up to the Termination Date. However nothing affects the Company’s rights under the Contract of Employment, including the right of the Company to place you on garden leave at any time and for any period prior to the Termination Date (provided you continue to be paid in accordance with this Agreement).
Sample 1
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Termination of Employment and Directorships. 2.1 With effect from the Effective Date, Xx Xxxxxx will cease to serve as Welltower’s Chief Financial Officer and as an Executive Vice President of Welltower. Xx Xxxxxx will carry out such reasonable handover duties as are specifically requested by Welltower’s Chief Executive Officer or new Chief Financial Officer but shall not undertake any other duties or enter into any premises of any Group Company. Xx Xxxxxx will continue to receive his salary and other contractual benefits under the Letter Agreement up to and including the Termination Date but shall not be entitled to receive any sums in respect of bonus, save as set out in this Agreement. Following the Effective Date, Xx Xxxxxx shall not incur any business related expenses save to the extent reasonable and necessary in order to carry out handover duties specifically requested by Welltower’s Chief Executive Officer or new Chief Financial Officer.
Sample 1
Termination of Employment and Directorships. Effective as of September 29, 2023 (the “Separation Date”), (i) Xxxxx’ employment with and status as an officer and director of the Company and its affiliates shall terminate and Xxxxx shall cease to serve as an employee, officer or director of the Company and its affiliates, and (ii) the Employment Agreement shall terminate and neither the Company nor Xxxxx shall have any further rights or obligations thereunder, including any obligations on behalf of the Company to make any payments to Xxxxx (whether upon a termination of her employment or otherwise). Notwithstanding the foregoing, the termination of the Employment Agreement shall not terminate or abridge Xxxxx’ obligations under Sections 9 (Trade Secrets) or 10 (Confidential and Proprietary Information) of the Employment Agreement, which Sections, subject to the terms and conditions thereof (and as modified by Section 3 of this Agreement), shall survive such termination of the Employment Agreement and Xxxxx’ employment and remain in full force and effect.
Sample 1

Related to Termination of Employment and Directorships

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Position of Employment Employee expressly acknowledges that the obligations contained in paragraphs 2 and 3 of this Agreement shall remain in full force and effect during Employee’s employment in any position for any Company Group member and with respect to any Confidential Information.

  • Termination of Employment Without Cause At any time during the Term of Employment under this Agreement, either Arrow or the Bank may effect, pursuant to this Paragraph 7(b), and in accordance with the requirements set forth in Paragraph 11(gg) below, a Termination of Employment of Executive without Cause, provided, however, that any attempt to do so under circumstances that would also qualify such Termination of Employment as a Termination of Employment of Executive without Cause under Paragraph 6(a) of this Agreement, that is, as a Termination of Employment of Executive without Cause following a Change in Control that meets the conditions set forth in Paragraph 6(a), will be deemed a Termination of Employment of Executive without Cause under Paragraph 6(a), and not a Termination of Employment of Executive without Cause under this Paragraph 7(b). In the event of a Termination of Employment of Executive without Cause under this Paragraph 7(b), on the effective date of such Termination of Employment, and subject to the satisfaction of the conditions specified below in Section 8, Arrow or the Bank shall pay to the Executive, and the Executive shall be entitled to receive, one (1) lump sum payment in a dollar amount equal to the greater of (i) the total amount of Base Salary payments which would have been payable to the Executive during the period extending from such effective date until the normal expiration date of Employment under this Agreement as in effect at such time, had there been no early Termination of Employment of Executive without Cause (and assuming the Executive otherwise would have remained employed throughout such period and that his Base Salary would have remained unchanged throughout such period), or (ii) an amount equal to one hundred percent (100%) of the current Base Salary of the Executive on the effective date of such Termination of Employment.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Termination of Employment The Executive’s employment hereunder shall terminate under the following circumstances:

  • Separation of Employment Your employment with the Company has terminated, without cause, effective January 28, 2015 (the “Separation Date”). You understand and acknowledge that, from and after the Separation Date, you shall have no authority and shall not represent yourself as an employee or agent of the Company or any of its affiliates. Notwithstanding the foregoing, you agree that you will cooperate with the Company’s reasonable requests for information and assistance in connection with the transitioning of your duties.

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Resignation of Employment The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.

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